SMH vs VGT: how much do they overlap?
VanEck Semiconductor ETF (SMH) · Vanguard Information Technology ETF (VGT)
overlap by weight · 21 shared holdings
SMH: 25 holdings (as of 2026-03-31) · VGT: 319 holdings (as of 2026-02-28)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Moderate overlap
What this means
SMH and VGT share a meaningful slice of holdings. They are related but not interchangeable; check the shared names below to see where your exposure doubles up.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in SMH | in VGT |
|---|---|---|---|
| NVIDIA Corp | NVDA | 19.64% | 17.27% |
| Broadcom Inc | AVGO | 7.79% | 4.31% |
| Micron Technology Inc | MU | 4.23% | 2.41% |
| Advanced Micro Devices Inc | AMD | 4.68% | 1.65% |
| Applied Materials Inc | AMAT | 4.59% | 1.59% |
| Lam Research Corp | LRCX | 4.6% | 1.57% |
| KLA Corp | KLAC | 4.74% | 1.1% |
| Intel Corp | INTC | 4.34% | 1.09% |
| Texas Instruments Inc | TXN | 4.61% | 1.05% |
| Analog Devices Inc | ADI | 4.7% | 0.98% |
FAQ
How much do SMH and VGT overlap?
SMH and VGT have a 37.1% overlap by weight, sharing 21 holdings (out of 25 in SMH and 319 in VGT), based on official issuer holdings as of 2026-03-31.
What does 37.1% overlap mean?
SMH and VGT share a meaningful slice of holdings. They are related but not interchangeable; check the shared names below to see where your exposure doubles up.
Which stocks do SMH and VGT both hold?
The largest shared positions are NVIDIA Corp, Broadcom Inc, Micron Technology Inc, Advanced Micro Devices Inc, Applied Materials Inc. The full list of top shared holdings with weights in each fund is shown on this page.